30/10/2009 by admin.

Not even a sniff of a trade all day on the GBP/USD today but there was a marginal possibility on the EUR/USD at about 12.30. It was on the edge of the safe distance away for the MA’s plus it was a buy trade with the MACD just below zero line & i decided not to take it. Its been a good start this week so why take even half chances.

As it goes it went onto make a 100 pip move but i’ve made 72 pips following just 2 currency pairs this week so i’m more than happy with that.

It is very quiet now with using just these 2 plus the additional rules i’ve added so theres definitely the potential to increase back up to 4 pairs.

Running total +72 pips

You can get more details here Black Dog Trading System

Black Dog Forex Trading System Review

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28/10/2009 by admin.

As people who subscribed through this site and others who have just checked their results will know this service has had a bit of a disastrous October with the recommended 72 pip target on the GBP/USD standing @ -706 pips as of today.

Looking at the results, however, it does seem that the EUR/USD 32 pip target has remained consistently profitable over the 3 months that the results have been recorded. Its currently standing @ +998 pips since the 1st August.

On this basis i’m going to start recording the results of these trades from tomorrow.

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28/10/2009 by admin.

There was a losing trade this morning on the GBP/USD followed by a winning trade in the afternoon. Nothing on the EUR/USD all day - there were MTF3 signals but the basic ‘no trade’ filters i’m applying kept me out of a couple of losing trades. They also kept me out of a decent winning trade but in the long run will ensure i’m profitable overall. I think psychologically its important to reduce your losing trades even if you do miss some good ones.

Anyway the losing trade was -10 pips and the winner was initially +13 with a further 1/3 of the stake getting another +5 pips by the close.

Running total +72 pips

You can get more details here Black Dog Trading System

Black Dog Forex Trading System Review

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27/10/2009 by admin.

Certainly not as much action with this approach but then again i’m not looking for entertainment i’m looking for a low risk way to earn a living so i’m not complaining so far.

1 signal around 1pm reached the 20 pip ‘2/3′ off level pretty quickly and then it was just a case of monitoring the trade to make sure it didnt close in the ms’s before closing it @ 18.00 for a total gain of 38 pips for the day.

Total
+64pips

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26/10/2009 by admin.

After having trebled my account trading the ‘hi/lo’ system with Black Dog it may seem a bit strange to be changing my method slightly but i wanted to find a way to trade which suited me a bit more.

Trading the 6 currencies on short term trades was a but too hectic so i’m now trading the MTF3 signals on just the GBP/USD & EUR/USD. I’m going to just record the number or pips made or lost rather than cash amount because everyones pip amounts are different so the cash levels irrelevant.

The chart below is the eur/usd - to be fair its a fantastic trade to start the new method with but this type of big movement is flagged up a few times a month on both of these currency pairs so its not that unusual.

Profit taking wise i’m aiming for 20 pips then close 2/3 of the trade for 13 pips profit and let the rest run - closing the trade if the price closes in the ma’s at any stage or the end of the session at 18.00.

This trade gained the initial 13 pips and then ran on to make a further 43 pips - less 2 earlier losing buy trades for around 30 pips left us with 26 pips profit for the day.

+26 pips

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15/10/2009 by admin.

Nice run recently for the FX Crossover system with 5 wins out of 6 & 350 pips profit. I’ve adjusted the profit target to 90 pips after back testing showed a number of trades missing their profit target by 1 or 2 pips and then reversing to hit the stop loss.

There are other ways to manage your trades ‘in play’ as it were such as trailing stop losses once the trade has reached a certain profit level - ie change to a 50 pip trailing top loss once the trade had move 50 pips in profit. Or you could close down 1/2 of your stake and let the rest run.

Below is a chart of the recent USD/CAD trade which is still live if you use the method that the system vendors recommend, and is 350 pips in profit.

Trade 44 usd/cad 1st Oct Won +90 pips
Trade 45 gbp/usd 1st Oct Lost -100 pips
Trade 46 usd/cad 5th Oct Won +90 pips
Trade 47 gbp/usd 7th Oct Won +90 pips
Trade 48 gbp/usd 9th Oct Won +90 pips
Trade 49 gbp/usd 13thOctt Won +90 pips

350 pips profit =

New bank £3657

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15/10/2009 by admin.

Still going south with the Black Dogs - 20 pips lost today. Some pretty ‘rangy’ markets today with a lot of messy, spikey candles so not the easiest conditions.

Suppose theres an argument to stay out of the markets when conditions are looking that way but the systems worked v.well so far without that extra layer of subjectivity so we’ll just carry on ‘as is’.

Todays started well & i’d be out with my 20/30 pips if i was playing it that way.

gbp/usd -10pips

eur/usd 0 pips

usd/chf +5 pips

usd/jpy - 5 pips

eur/jpy +10pips

aud/usd -20 pips

7 winners 6 losers

-20 pips
-20 x £5 = - £100

Bank £7300

You can get more details here Black Dog Trading System

Black Dog Forex Trading System Review

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13/10/2009 by admin.

Tough day to be trading the Black Dogs today - loss of 65 pips. Suppose losing days always make you re-evaluate the way you’re trading and wether it would have been possible to avoid some losers. I think it would have been today if, instead of taking all the trades, i’d taken just the ones which were close to the ema’s.

This would mean less opportunities and on some days you’d miss a lot of winning trades but i think , in the long term, would definitely increase your winning trade ratio.

Below is the EUR/USD which is a good example of what i’m talking about - the trade coming out the ma’s is nice and strong & goes on to make loads of pips whereas the signal at the top is given when the price is a long way from the ma’s and the trend has run out of steam. Not correct 100% of the time but i think picking the signals more carefully will reduce losers which can be damaging psychologically as much as financially.

gbp/usd -10pips

eur/usd -5 pips

usd/chf -30 pips

usd/jpy +5 pips

eur/jpy -35 pips

aud/usd +10 pips

7 winners 9 losers

-65 pips
-65 x £5 = - £325

Bank £7400

You can get more details here Black Dog Trading System

Black Dog Forex Trading System Review

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12/10/2009 by admin.

Really good, solid start to the week for Black Dog with 45 pips gained. The chart below shows the 2 winning trades on the USD/JPY

gbp/usd 0 trades

eur/usd -10 pips

usd/chf +5 pips

usd/jpy +20pips

eur/jpy +10 pips

aud/usd +20 pips

9 winners 3 losers

+45 pips
+45 x £5 = - £225

Bank £7725

You can get more details here Black Dog Trading System

Black Dog Forex Trading System Review

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10/10/2009 by admin.

Bit of a traumatic week for followers of this service due to a run of 9 losers on the GBP/USD service. The EUR/USD side of the service fared better with a profit of 94 pips. This service has had runs like this before and still come out in profit for the month so fingers crossed thats the case for October.

gbp/usd -89 pips

eur/usd +182 pips

Total + 93 pips

The additional eur/usd signals are free if you subscribe to the gbp/usd service - there was a time limit on the offer so it may be a good idea to check it with the operators asap.

The full details of the opening offer were in a previous post here. The full list of the results for the eur/usd service can be found here and for further info about the whole service click here Forex Trades Live

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